All posts tagged Fedea

Spanish painters like Goya and Picasso often excelled at depicting dark themes. These days, they might find a job in the country’s Labor ministry.

Bad news is bad enough–jobless claims increased in October, as reported by the ministry Wednesday, since seasonal, summertime jobs went away with nothing to replace them. But there’s not much good news, as shown by a close look at the full third-quarter set of unemployment figures released late last month.

At first glance, quarterly data showed stirrings of a job creation recovery in Spain. The overall unemployment rate, which remains the highest in the OECD, fell to 19.8% from 20.9% in the second quarter, the first decrease in three years. That sounded like a sign that the worst was over.